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@cnbcwe us @cnbcwex, @rosswestgate. >>> still to come, good news if you're a driver in california. gas drivers are getting the green light on to sell a cheaper type of fuel to help ease the pain of the recent price spike. more about u.s. gasoline when we come back. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. save 50% on banners. >>> u.s. futures are indicating for slightly down start. s&p implied five points lower, dow 46 lower, nasdaq down 40. still early day, but reflects the market we have here in europe after relatively healthy gains last week of sort of 2% to 3%. european stocks down between-thirds, conta betweentw. more protests expec
refinery in mississippi. chevron says the fire at its refinery in richmond, california, also hurt production, as the processing unit at that facility will be down until the end of the year. chevron will report full reports on november 2nd. you see shares under pressure in frankfurt trade this morning down 1.7%. also taking a look at fedex, which plans to sharply cut costs at its struggling express business. just last month, fedex lowered its 2013 outlook, blaming a shift by consumers to ship items by sea rather than air because of higher jet fuel prices. ceo fred smith says fedex could see the benefits of these latest efforts next year and still plans to increase the company's dividends, perhaps keeping a floor under fedex shares which are down just .6 of a percent. >>> still to come on the show, is appetite from china waning? earnings reports show slowing growth and nature is taking its toll. >> stay tuned. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow
'm not allowed to own individual stocks, i don't want you to think you can relate the two. >>> tom in california, please. tom. >> caller: hi, jim. booyah from sunny, warm, san diego. america's finest city. i'm a financial adviser and long-time viewer who appreciates what you do to educate and motivate. i would appreciate if you would share objective criteria for investors in determining best of breed. thank you. >> i start with record dividends and then to how a company has done consistently, good and bad times and yes, for best of breed i look at the product itself. is there a bank i want to go to. is it to use the great restaurateur, the one that is most hospitable to shareholders, anyway, diversification is important. it's what we're preaching. make sure you have a high yielder, growth stock, a spec -- and then you need geographically safe area for one of them. all about how to pick the best ones. i want you to be comfortable with your own portfolio. "mad money" will be right back. >> don't miss a second of "mad money." follow @jimcramer on twitter. tweet #madtweets. send an e-mail to madmone
rising housing prices. even in counties in california where you had a huge glut of housing and some of the county, you have shortages and housing prices are going up. so housing is becoming a better economic engine. and presently we're only building about 500,000 new homes. in a year from now, i expect us to go back to that million new home level and that's going to create new jobs. second of all, our banks are in great shape. much better shape than the european banks, much better than the asian banks. and i do believe they have the capacity to lend more when there is sufficient edemand. and we have been blessed with incredible amounts of energy. we're the third largest producer of oil in the world today. oil production in the united states is up 8%. we have all the natural gas. and so this is going to be a huge job creator. >> i want to get your take on really what was behind this strength today. a lot of people saying it was a romney rally. we want to run a sound bite of mitt romney and the president, pot to get you to react to it, but to put perspective in what we saw today in st
, california. 1:00 p.m. eastern. reports suggest the screen size would be around 7.8 inches which is the same as the kindle. amazon says the new kindle fire is its top selling product since it hit the market, although it won't specify sales numbers. patrick, are you liking the sound of this mini ipad if they call it that some. >> i think it's a good gap filler for apple. and i think versus standard ipads and smart phones, it will be a bigger challenge for apple than they've ever seen before. >> because there's already a lot out in the market. >> there is. will is compelling android devices out there. and the devices that you see are leveraging the half a million decent applications. >> you can work out what would be a result for them in terms of sales? >> they will sell a lot by virtue that they have a huge fan base and i believe it will be policed around between $299 and $350. and i can see them selling at least 10 million to 15 million in the fourth quarter. they're already in the stratosphere and i think that what investors should be looking for is some constants that apple won't give away
and oil prices especially in california where they had a series of refinery outages that pushed the price up to an all-time high. and that would have been hard on a very big part of the united states. but the price of gasoline is coming down a lot. there is now chit-chat that with all the unconventional oil coming in, we could be looking at a glut situation in a few years. but my question actually is whether we could expect the long term story to be one of continued upward fresh on food and commodities. because i still quite remember it was only two or three years ago that we were talking about the huge spikes in demand and there were a lot of countries that were putting in place export limits because they didn't want their food or their raw materials going to anyone expect their own population. is that something we need to worry about in the next 12 months if the drought continues to put up word pressure on grain prices? >> this year was an exception. the production declines that we saw were the worst in the past 25 years. so going forward, analysts are forecasting a record amount of cor
Search Results 0 to 5 of about 6